Tech View: Nifty faces major hurdle at 21-DEMA. What traders should do next week

Tech View: Nifty faces major hurdle at 21-DEMA. What traders should do next week

Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday’s low of 21,932, a pullback looks possible to chartists. Last month, the index found support around 21,780 levels, and the 100-Days exponential moving average (DEMA) is placed near 21,820. … Read more

Ahead of Market: 10 things that will decide stock action on Monday

Ahead of Market: 10 things that will decide stock action on Monday

India’s blue-chip indices fell on Friday and logged weekly gains, dragged by consumer stocks on lacklustre earnings, while US rate worries and rise in crude prices hurt sentiment. The NSE Nifty 50 index closed 0.42% lower at 19,542, while the S&P BSE Sensex fell 0.35% to 65,397. Both the benchmarks lost over 1% for the … Read more